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Apr 20, 2013
04/13
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now, some people can't understand what the trade deficit is, some will, but the trade deficit is the difference between what america exports and what we import so what it really means to say that we're $500 billion out of balance for the rest of the world is that we're consuming more than we produce to the tune of $500 billion a year. the reason that's true is the only place you can get goods to consume is you either make them yourself or import them from someplace else. this is another way in which the united states is living beyond its means. now, those remarks were to try to get you interested. people don't usually pay money to hear me speak. i assume you are all at least somewhat interested. if you look at free trade, once you understand there's an issue here with the trade situation, if any of you got a wallet on you, pull out a ten dollar bill. the guy on the ten dollar bill etary of the treasury, ca the intellectual architect of american capitalism, one of the founding father, and an envowed protectionist as was abraham lincoln, as was virtually every president prior to world
now, some people can't understand what the trade deficit is, some will, but the trade deficit is the difference between what america exports and what we import so what it really means to say that we're $500 billion out of balance for the rest of the world is that we're consuming more than we produce to the tune of $500 billion a year. the reason that's true is the only place you can get goods to consume is you either make them yourself or import them from someplace else. this is another way in...
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Apr 20, 2013
04/13
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CSPAN2
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have been deficits for four years. but sometimes you need some, you get it, other times, in germany, to end with one poll that is quite interesting. you may know, you may have known that of course there's a lot of concern in public opinion, is it not the wrong decision to care for the european monetary, if you look at -- be have the highest polls we ever had, and shoo we stay in the euro or not. 70%, which is high, said, yes, we have to stay. we have to solve the problem. and it's a good basic. thank you very much. >> thank you very much. [applause] >> let me just start the questions by asking you, we have seen major initiatives in both the united states and europe to regulate banks. is more coordination needed between the two of us and if so, how would you recommend that we could achieve that. >> obviously more coordinate needed, but we try to find solutions in europe. we know that u.s. has in some way gone ahead, but we will work -- we discuss -- it's not most problematic issue actually, to have common understanding
have been deficits for four years. but sometimes you need some, you get it, other times, in germany, to end with one poll that is quite interesting. you may know, you may have known that of course there's a lot of concern in public opinion, is it not the wrong decision to care for the european monetary, if you look at -- be have the highest polls we ever had, and shoo we stay in the euro or not. 70%, which is high, said, yes, we have to stay. we have to solve the problem. and it's a good basic....
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Apr 24, 2013
04/13
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CSPAN2
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to make as to how we deal with the deficit. i think that when we lose $100 billion every single year because corporations stash their money in the cayman islands and in other tax havens, maybe we might want to ask them to start paying their fair share of taxes rather than cutting social security. but we have colleagues who are much more interested in the well-being and the profits of large corporations than they are in the needs of seniors. so those are some of my answers. mr. harkin: a couple of thoughts, i just say to my friend from vermont. those who say it is unconstitutional to do those things, i wonder if they ever read the preamble to the constitution, which is, by the way, a part of the constitution of the united states. we the people of the united states in order to form a more perfect union, establish justice, ensure domestic tranquillity, provide for the common defense, promote the general welfare. that's part of the constitution of the united states. so how we do that obviously can vary from time to time, generation
to make as to how we deal with the deficit. i think that when we lose $100 billion every single year because corporations stash their money in the cayman islands and in other tax havens, maybe we might want to ask them to start paying their fair share of taxes rather than cutting social security. but we have colleagues who are much more interested in the well-being and the profits of large corporations than they are in the needs of seniors. so those are some of my answers. mr. harkin: a couple...
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Apr 17, 2013
04/13
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CSPAN2
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eye 73
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we had no capacity to deal with it other than by we were in deficit and had a bigger deficit. we have to slowly work our way out. the budget gets us to a solid stable place. >> what is the highest rate you think can be charged to small business? >> i'm sorry. >> we're 39% now. the highest in the nation. that -- i can tell you that doesn't help small business. what is the highest rate you and the president think they can charge small business before they collapse and break? >> obviously businesses choose whether to organize on the corporate side or individual side. we we have not proposed any increase beyond the current 39.6 on the individual side. the better we do -- i heard you talk about. what is his deal. >> it was not a simple as this. it was difficult negotiation we were negotiating with republicans to refuse to put taxes on the table. >> forget it. let me pose this. i'm a small business owner and i can tell you your not helping small business. the burden that the administration is putting on small business unbelievable. i would suggest you look at texas or nod see what l
we had no capacity to deal with it other than by we were in deficit and had a bigger deficit. we have to slowly work our way out. the budget gets us to a solid stable place. >> what is the highest rate you think can be charged to small business? >> i'm sorry. >> we're 39% now. the highest in the nation. that -- i can tell you that doesn't help small business. what is the highest rate you and the president think they can charge small business before they collapse and break?...
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Apr 24, 2013
04/13
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CSPAN2
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eye 90
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together with the deficit reduction enacted last congress, the senate budget would reduce the deficit by $4.3 trillion. through a nearly two to one mix of spending cuts and revenue, two parts spending cuts to one part revenue. house republicans took a very different approach with their budget, making only cuts, drastic cuts to education, to law enforcement, to medical research, even ending medicare as we know it for future retirees. the house budget derives its deficit reduction from cuts that primarily hurt low-income and middle-class americans while refusing to touch a single tax give-away to wealthy and well-connected special interests. senate democrats took a middle course. house republicans produced an extremist tea party wish list. in his own budget plan, president obama included some smart provisions like investments in infrastructure and the buffett rule for tax fairness. and i respect the president's outreach to a compromise with republicans, but i cannot support the cuts to social security benefits in his plan. it is simply wrong to place the burden of deficit reduction on s
together with the deficit reduction enacted last congress, the senate budget would reduce the deficit by $4.3 trillion. through a nearly two to one mix of spending cuts and revenue, two parts spending cuts to one part revenue. house republicans took a very different approach with their budget, making only cuts, drastic cuts to education, to law enforcement, to medical research, even ending medicare as we know it for future retirees. the house budget derives its deficit reduction from cuts that...
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Apr 23, 2013
04/13
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CSPAN2
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how do we do the deficit reconstruction. how do we do the tough stuff. let level the playing field, let's make this responsive to the main stream businesses every day. struggle and simply asking for justice. they're simply asking for equity. i yield the floor. >>> joining us from capitol hill. what is the purpose of this senate internet sales tax bill? >> the legislation state require that online retailers charge sales tax when consumers make a purchase online. that includes retailers not within their own state. >> who are some of the supporters? why did some say it will level the -- playing field for retailers? >> the big which include retail industry. it's the big restalers -- retailers, walmart, amazon.com, which is an online retailer. they said brick and mortar are at the disadvantage. they have to charge the sales tax with the online retailers don't. consumers are technically are supposed to pay the taxes on the tax return, but studies show that most don't. so in effect online goods get that 6 to 10% on average discount. >> what about the opponents
how do we do the deficit reconstruction. how do we do the tough stuff. let level the playing field, let's make this responsive to the main stream businesses every day. struggle and simply asking for justice. they're simply asking for equity. i yield the floor. >>> joining us from capitol hill. what is the purpose of this senate internet sales tax bill? >> the legislation state require that online retailers charge sales tax when consumers make a purchase online. that includes...
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Apr 18, 2013
04/13
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CSPAN2
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who's cating econmic growth with good jobs, balancing, having aal aancedproach to deficit reduction and strengthen the middle class. as i said, last week our focus in the next little while will be on guns and budget, talked about budget. i will be joined by my colleague, congressman mike thompson of california. congressman thompson is a vietnam vet, a wounded vietnam vet. he is a gun owner, hunter. is the head of our task force on gun violence prevention, and he is a co-author of the bipartisan bill in the house with peter king. to put forth a manchin-toomey compromise that failed, so sadly, in the senate last night. we are so disappointed. our sorrow was expressed so appropriately by president obama last night that i invited mike to join us here to tell you where we go from here and to answer the question that people are saying what can we do to change this. mike, would you speak -- thank you for your leadership. >> thank you, leader pelosi. it's a pleasure and honor to join you, to talk about and to answer any questions that you guys may have on gun violence prevention. -manchin amend
who's cating econmic growth with good jobs, balancing, having aal aancedproach to deficit reduction and strengthen the middle class. as i said, last week our focus in the next little while will be on guns and budget, talked about budget. i will be joined by my colleague, congressman mike thompson of california. congressman thompson is a vietnam vet, a wounded vietnam vet. he is a gun owner, hunter. is the head of our task force on gun violence prevention, and he is a co-author of the bipartisan...
SFGTV2: San Francisco Government Television
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Apr 24, 2013
04/13
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SFGTV2
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the budget is the most eminent issue, and we do have a structural budget deficit in the city, so we need to deal, of course, with the short-term balancing our budget in a way that does not decimate city services that people rely on, but also to address our long- term structural budget deficit, and that means implementing some budget reforms. smooth out our budget process so it is not a boom/bust kind of budget. reforming our pension system and retiree health care system so that they are stable. we do a decent job providing low-income housing. we do a terrible job providing housing for low or middle class and middle-class people, people who are working and paying taxes that we need to have here for a functioning economy, so i am looking for ways to try to fund that, particularly for essential employees like teachers, nurses, first responders. projects coming up in the city like the renovation of dolores park, which is a once in 50 years opportunity to define what the park is and what changes we want to make to it. that will be a very significant projects. [inaudible] when was the last tim
the budget is the most eminent issue, and we do have a structural budget deficit in the city, so we need to deal, of course, with the short-term balancing our budget in a way that does not decimate city services that people rely on, but also to address our long- term structural budget deficit, and that means implementing some budget reforms. smooth out our budget process so it is not a boom/bust kind of budget. reforming our pension system and retiree health care system so that they are stable....
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Apr 22, 2013
04/13
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CSPAN2
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eye 90
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but congress has the power to rreverse these self-inflicted wounds without adding one penny to the deficit. we've provided money, the money is there, we haven't spent it, we don't need to. we can use the savings from wrapping up two wars to avoid the full brunt of the sequester's arbitrary cuts. the congressional budget office said that would score; that money is available, it is money we could use. funding for the operation in ir a afgan has in alled overseas contin yeype account. since the worst of the seq cuts are creating an emergency situation, we should consider using thighs funds to offset their impact. these really are emergencies and we should do it. i am not proposing we use them to offset the entire sequester but congress has the power to avert the most painful sequester cuts using these mexico. 28 republicans in the senate and 174 republicans in the house would impose these sequester haphazard cuts. if those same republicans work with democrats, we could act to protect families and businesses and ensure our national defense and save millions of americans hours waiting at the ai
but congress has the power to rreverse these self-inflicted wounds without adding one penny to the deficit. we've provided money, the money is there, we haven't spent it, we don't need to. we can use the savings from wrapping up two wars to avoid the full brunt of the sequester's arbitrary cuts. the congressional budget office said that would score; that money is available, it is money we could use. funding for the operation in ir a afgan has in alled overseas contin yeype account. since the...
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Apr 23, 2013
04/13
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CSPAN2
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number one, the economic deficit of less skilled immigration. the u.s. work force is changing american family is having fewer children and birthrates are now well below levels. 10,000 baby boomers are retiring every day. and the lush and her workers coming behind them are much more educated than their parents. in 196064% of american workers were high-school dropouts. today the number is less than 10%. together these three factors have had a dramatic effect on the pool of americans available to fill low-skill jobs. it is no accident that my members are constantly complaining about the difficulty finding workers. the pool have to draw on a shrinking. for those seeking higher, unskilled man of prime working age the supply of u.s. workers is literally half the size it was in 1970. if a thing, demand is growing. in $0.195,525 of every dollar spent on food was spent in a restaurant. today it is $0.50. one of the fastest growing occupations in america is some help aid. many less skilled immigrant workers and only then increasingly in years ahead. aside from tak
number one, the economic deficit of less skilled immigration. the u.s. work force is changing american family is having fewer children and birthrates are now well below levels. 10,000 baby boomers are retiring every day. and the lush and her workers coming behind them are much more educated than their parents. in 196064% of american workers were high-school dropouts. today the number is less than 10%. together these three factors have had a dramatic effect on the pool of americans available to...
SFGTV2: San Francisco Government Television
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Apr 23, 2013
04/13
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SFGTV2
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caution to say it took a lot of hard work, i remember the day we walked into the office to a 40 million deficit we had to renegotiate our contract and peenings for the first time and pension that happens an issue in california were part of the state system and still not ready for the shake-out on the development and so, i'll like to think it's -- [inaudible/incomprehensible] level and i think that what it gibbs you time do is to start working on some of these dreams and really give development opportunities and that is what it's like despite the evidence -- the general fund and in our economic outlet team and that we -- [inaudible] and working and -- of that and i know -- and i worked on chinese investments because we are looking at capital investment and is for the amazing growth that the bay area faces. >> yeah i talked to somebody the other day that was familiar with the san francisco budget situation and i remember looking at projections in the future and it was lower so, it seems that happy days are here for san francisco what does this give you the freedom do >>> well first of all, i woul
caution to say it took a lot of hard work, i remember the day we walked into the office to a 40 million deficit we had to renegotiate our contract and peenings for the first time and pension that happens an issue in california were part of the state system and still not ready for the shake-out on the development and so, i'll like to think it's -- [inaudible/incomprehensible] level and i think that what it gibbs you time do is to start working on some of these dreams and really give development...
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Apr 24, 2013
04/13
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KTVU
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eye 63
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but the rhetoric of key way is when it gets factored into the $27 billion deficit. >> still governor brown said he's appealing a federal judge's order that the state release 10,000 more prisoners by the end-of-the year. >> the summer outlook is brighter than you might think for the bay area's water and power supply. new at 6:00ktvu joins us live along the american river with the early assessment. ken. >> reporter: frank, we are along the banks of american river. you can see it's moving fairly slowly right now. that's due in part to our record and dry winter that we just experienced. it effects river flow and also effects hydroelectric power generation. as you will see it's not going to effect our power supply as much as one might think. >> lake levels, snowpacks, the state of our transmission lines just a few things factor that go into forecasting our power outlook for the summer ahead. >> over all california is looking to be in fairly good shape going into summer. >> stephanie with california independent system operator says despite a record low snowpack, hydroelectric generation wi
but the rhetoric of key way is when it gets factored into the $27 billion deficit. >> still governor brown said he's appealing a federal judge's order that the state release 10,000 more prisoners by the end-of-the year. >> the summer outlook is brighter than you might think for the bay area's water and power supply. new at 6:00ktvu joins us live along the american river with the early assessment. ken. >> reporter: frank, we are along the banks of american river. you can see...
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Apr 24, 2013
04/13
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CSPAN
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eye 100
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but with regards to deficits, adding to the deficit and the debt, this current budget being proposed by the president 40 ually -- deficit of $7 billion and still a big number about half of what it was in the depths of the great recession. it gives us an opportunity to control the debt relative to the size of the economy and we have new economic growth numbers out a couple of days ago that showed 3% g.d.p. that is good news. but the economy is in recovery and still have a ways to go and never give up on trying to improve the economy and reduce the deficit. host: thank you for talking to our viewers this morning. appreciate it. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> the f.b.i. briefed the house intelligence committee about the boston marathon bombings. intelligence committee member adam schiff joins us to discuss the terror attack in boston. congressman steve king on the boston bombing and efforts to change the nation's immigration laws and more about immigration and how refugees can gain asylum in the u.s. "w
but with regards to deficits, adding to the deficit and the debt, this current budget being proposed by the president 40 ually -- deficit of $7 billion and still a big number about half of what it was in the depths of the great recession. it gives us an opportunity to control the debt relative to the size of the economy and we have new economic growth numbers out a couple of days ago that showed 3% g.d.p. that is good news. but the economy is in recovery and still have a ways to go and never...
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Apr 18, 2013
04/13
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FBC
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excise taxes, 12 days for property taxes and nine days for corporate income taxes and what about the deficit? he will have to work until may 9th.
excise taxes, 12 days for property taxes and nine days for corporate income taxes and what about the deficit? he will have to work until may 9th.
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Apr 23, 2013
04/13
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FBC
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his concern about the state deficit, $500 billion unfunded pension liabilities, stuart, they have to do something about it. this will be a huge revenue in just two years, are you kidding me? you can't turn that down. stuart: i'm totally with you, it is not even funny. i bet you're going to get some calls on this on a radio show. i have some breaking news to get sued, but always a pleasure, come and see us again soon. let's get to the breaking news, senator max baucus will not seek reelection 2014. he chairs the senate finance committee and recently called obamacare and implementation of obamacare a train wreck. the 2014 election, will not stand for reelection. the repercussions, can feel it. that opens it up for republicans and it adds to the questioning of obamacare. he said it was a train wreck. liz: he cast a key vote for obamacare and is now dialing back. a big powerful player with regards to taxes. stuart: all right, everybody, check the big board please. it is a rally, several cows.so hitting all-time highs propelling the overall average higher. give me the list, nicole. nicole
his concern about the state deficit, $500 billion unfunded pension liabilities, stuart, they have to do something about it. this will be a huge revenue in just two years, are you kidding me? you can't turn that down. stuart: i'm totally with you, it is not even funny. i bet you're going to get some calls on this on a radio show. i have some breaking news to get sued, but always a pleasure, come and see us again soon. let's get to the breaking news, senator max baucus will not seek reelection...
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Apr 23, 2013
04/13
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CSPAN
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eye 79
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set aside for a moment the deficit issue. i said moment, not forever, we know we have to deal with the deficit. but you cannot solve that deficit unless you have americans working. and we can put americans back to work. -- back to work. >> and unleash, i believe, unleash a new economy. i mean, that's -- we're strangling the economy right now. because we're not making the kind of investments. and again, when you look at our competitors, because from northeast ohio, we play a lot of football, there's a scoreboard. there's a scoreboard. mr. ryan: america is not going to win every game but we better be in a position where in the global economic competition that we are competitive and we know what makes us competitive. and i'm not saying it's all about making money, a lot of this stuff that we're talking about is quality of life. we won't get into health care preventive care or anything leek that but we have human beings that are stuck in traffic for two hours in a commute in and out of a city and we're not investing in the high s
set aside for a moment the deficit issue. i said moment, not forever, we know we have to deal with the deficit. but you cannot solve that deficit unless you have americans working. and we can put americans back to work. -- back to work. >> and unleash, i believe, unleash a new economy. i mean, that's -- we're strangling the economy right now. because we're not making the kind of investments. and again, when you look at our competitors, because from northeast ohio, we play a lot of...
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deficit's we have every financial issue they have for we what we do have and we have high unemployment in california what we do have is a pretty sound high tech economy and and lots of good functional agriculture it so now we have to figure out how to pay for the promises we made as . it's a deal or boats of being bought over the many years with these promises and so now it's time to pay them and in our most recent bankruptcy case here in the city of stock when we discovered that in fact the courts are now allowing. pensions to be thrown into bankruptcy proceedings for the first time and which means that when there are bankruptcies and many see pal is in california pensions may have to get a haircut and then they happen and one in the number of ways and one of which is to do raise contributions it would be to do you know of the benefits and this hasn't played out yet but it contravenes a california state law so we'll have to see how that that washes out all right so it's not quantitative easing in countries where it's a forced transfer of wealth from savers to speculators using artific
deficit's we have every financial issue they have for we what we do have and we have high unemployment in california what we do have is a pretty sound high tech economy and and lots of good functional agriculture it so now we have to figure out how to pay for the promises we made as . it's a deal or boats of being bought over the many years with these promises and so now it's time to pay them and in our most recent bankruptcy case here in the city of stock when we discovered that in fact the...
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deficit's we have every financial issue they have for we what we do have and we have high unemployment in california what we do have is a pretty sound high tech economy and and lots of good functional agriculture it so now we have to figure out how to pay for the promises we made as . it's a deal or boats of being bought over the many years with these promises and so now it's time to pay them and in our most recent bankruptcy case here in the city of stocky we discovered that in fact the courts are now allowing. pensions to be thrown into bankruptcy proceedings for the first time and which means that when there are bankruptcies and municipalities in california pensions may have to get a haircut and then they happen and one in the number of ways and one which is to raise contributions that will be to do no of the benefits and this hasn't played out yet but it contravenes a california state law so we'll have to see how that that washes out and so it's not quantitative easing in countries where it's a forced transfer of wealth from savers to speculators using artificially low interest rat
deficit's we have every financial issue they have for we what we do have and we have high unemployment in california what we do have is a pretty sound high tech economy and and lots of good functional agriculture it so now we have to figure out how to pay for the promises we made as . it's a deal or boats of being bought over the many years with these promises and so now it's time to pay them and in our most recent bankruptcy case here in the city of stocky we discovered that in fact the courts...
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Apr 23, 2013
04/13
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CNBC
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there could be a peace dividend, where we cut the budget deficit, that happened in the '90s. i don't think you should look at this issue in a way to make money off it, though. it's really not a needle-mover. as a matter of fact, it can be negative for a lot of the defense companies, as we know. and they have been under a cloud because of these cuts. here's one from danny in new york. hi, jim, i have heard you say considering the downside of an equity that you would short a stock rather than buy a put. please elaborate. danny, i am so glad you sent me this. because if i have created any misperception that i favor shorting stocks, it is completely out of character with all my books and what i used to do with my hedge fund or trading for myself. i always do puts. i very rarely do shorts because as i write in "confessions of a street addict," i was a victim of a lot of squeezes that lost me a ton of money. use puts. here's some tweets, from b kelly, 01 not @jim cramer. covered calls, why do you hate them so much? here's the answer. i got to tell you something, b kelly 019, i hate
there could be a peace dividend, where we cut the budget deficit, that happened in the '90s. i don't think you should look at this issue in a way to make money off it, though. it's really not a needle-mover. as a matter of fact, it can be negative for a lot of the defense companies, as we know. and they have been under a cloud because of these cuts. here's one from danny in new york. hi, jim, i have heard you say considering the downside of an equity that you would short a stock rather than buy...
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Apr 16, 2013
04/13
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CURRENT
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for the purpose of deficit reduction. they acknowledge that there are all sorts of tax breaks out there in the tax code. they just don't want to close a single one of them in order to reduce the deficit. they will only close those loopholes if it means reducing the tax rate on high income individuals. >> bill: so peter let's post on our web site a link, maybe the phone number for the speaker's office so people can get in and suggest do the right thing. we're not calling for anything special. just regular order. >> regular order on the budget. >> bill: conference, members of the conference committee the senate and house can get together and maybe we can resolve this budget issue. congressman, with that, we'll let you get back to work. >> good to be with you. >> bill: thank you so much for coming in. i appreciate your time very much leadership on so many issues. congressman chris van hollen. i'll be back with a quick parting shot for today. >> announcer: this is the bill press show. i think the number one thing that viewers
for the purpose of deficit reduction. they acknowledge that there are all sorts of tax breaks out there in the tax code. they just don't want to close a single one of them in order to reduce the deficit. they will only close those loopholes if it means reducing the tax rate on high income individuals. >> bill: so peter let's post on our web site a link, maybe the phone number for the speaker's office so people can get in and suggest do the right thing. we're not calling for anything...
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Apr 16, 2013
04/13
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CSPAN
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doesn't help us with our trade deficit with china. doesn't help us export more grain to russia. $168 billion we ask american taxpayers to dig into their pocket and pay for the pleasure of paying nair income taxes. more -- their income taxes. more and more americans, mr. speaker, find they can't do their own taxes, that they have to go to a professional tax preparer. i don't mind paying my taxes. i think i'm getting my money's worth. america is a great country. but to help somebody help me pay the taxes makes me angry and it's wrong. it's wrong. you know, i look at what's happened in those former soviet block countries, mr. speaker. you know, those former soviet block countries have all moved to flat taxes? what they found is when they have high tax rates and very difficult to comply with, folks just didn't pay their taxes at all. but when they lowered that rate, made it flat, applied it across a broad base, folks began to voluntarily emit -- remit their taxes. it's not rocket science. it's what we've seen in example after example afte
doesn't help us with our trade deficit with china. doesn't help us export more grain to russia. $168 billion we ask american taxpayers to dig into their pocket and pay for the pleasure of paying nair income taxes. more -- their income taxes. more and more americans, mr. speaker, find they can't do their own taxes, that they have to go to a professional tax preparer. i don't mind paying my taxes. i think i'm getting my money's worth. america is a great country. but to help somebody help me pay...
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deficit's we have every financial issue they have for we what we do have and we have high unemployment in california what we do have is a pretty sound high tech economy and and lots of good functional agriculture it so now we have to figure out how to pay for the promises we made as . it's a deal or boats of being bought over the many years with with these promises and so now it's time to pay them and in our most recent bankruptcy case here in the city of stocking we discovered that in fact the courts are now allowing. pensions to be thrown into bankruptcy proceedings for the first time and which means that when there are bankruptcies and many see policies in california pensions may have to get a haircut and that may happen and one in the number of ways and one which is to do raise contributions it would be to do no of the benefits and this hasn't played out yet but it contravenes a california state law so we'll have to see how that that washes out so it's not quantitative easing in countries where it's a forest transfer of wealth from savers to speculators using artificially low inter
deficit's we have every financial issue they have for we what we do have and we have high unemployment in california what we do have is a pretty sound high tech economy and and lots of good functional agriculture it so now we have to figure out how to pay for the promises we made as . it's a deal or boats of being bought over the many years with with these promises and so now it's time to pay them and in our most recent bankruptcy case here in the city of stocking we discovered that in fact the...
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Apr 23, 2013
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>> there has to be a solution in place to our deficit and our debt. that's why this is an opportunity to get this job done. >> that's a high bar. you're saying the debt ceiling may not be raised if you don't have a solution in may? >> i think it is going to be very hard to get people to agree the debt ceiling unless we address our spending problems and reform our programs. >> all right. john hoeven, republican senator from north dakota, the former governor there. thank you, sir, for sharing your views. >>> remember to watch the networks of nbc universal all week long for our green week coverage from the politics of the environment, to the ways we can all work together to help go green. >>> coming up, authorities foil another terrorist plot, this one targeting passenger trains. >>> plus the road to redemption. congressman todd aiken trying to make a political comeback or just a statement? why he's just one in a long line of long shots trying for a second, or in some cases third act. >>> when was the last time a south carolina democrat won a u.s. house
>> there has to be a solution in place to our deficit and our debt. that's why this is an opportunity to get this job done. >> that's a high bar. you're saying the debt ceiling may not be raised if you don't have a solution in may? >> i think it is going to be very hard to get people to agree the debt ceiling unless we address our spending problems and reform our programs. >> all right. john hoeven, republican senator from north dakota, the former governor there. thank...
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Apr 24, 2013
04/13
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jobs deficit. it's time for a vote on a serious jobs bill, our mantra here in congress should be jobs, jobs, jobs. the speaker pro tempore: the gentlelady yields back the balance of her time. for what purpose does the gentlelady from the virgin islands seek recognition? the gentlelady is recognized for one minute. mrs. christensen: thank you, mr. speaker. two weeks ago i came to the floor to congratulate virgin islands rocky kevin crigger on his win and qualifying for the kentucky -- he yment. he will be riding golden sense. since then another virgin island stocky has also qualified. they are making history in the entire virgin islands is gearing up to cheer widely for them on may 4 as they make a run for the roses. another virgin islander is an assistant trainer for derby-bound horse it's my lucky day. as a person who grew up in a horse racing family and who has always followed the sport, i could not be prouder to see my young men riding an training in such a prestigious event and i hope to be the
jobs deficit. it's time for a vote on a serious jobs bill, our mantra here in congress should be jobs, jobs, jobs. the speaker pro tempore: the gentlelady yields back the balance of her time. for what purpose does the gentlelady from the virgin islands seek recognition? the gentlelady is recognized for one minute. mrs. christensen: thank you, mr. speaker. two weeks ago i came to the floor to congratulate virgin islands rocky kevin crigger on his win and qualifying for the kentucky -- he yment....
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Apr 19, 2013
04/13
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he found the deficit ceiling will come down for trillions of dollars. his study found $2.5 trillion because when people become legalized, they will start paying taxes and they'll also have to pay back taxes, fines and fees through part of this immigration system. so that means they're not going to be coughing -- costing taxpayers money to go through this process and as many economists believe will raise the quality of life. host: the senate judiciary committee takes up the immigration bill this morning. c-span 1 will have that live. you'll also find that on our website. rebecca kaplan is a staff writer at in the national journal. it includes covering the campaign looking at the republican side of things. she worked on that and she also has covered the white house, as part of national journal's team and now she's looking at congress. one of the aspects of congress you're looking at is the house. here's a recent headline of her story. forget working groups, t house juciar is moving immigration ontswn what's happening in the house? >> the chairman is actua
he found the deficit ceiling will come down for trillions of dollars. his study found $2.5 trillion because when people become legalized, they will start paying taxes and they'll also have to pay back taxes, fines and fees through part of this immigration system. so that means they're not going to be coughing -- costing taxpayers money to go through this process and as many economists believe will raise the quality of life. host: the senate judiciary committee takes up the immigration bill this...
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Apr 17, 2013
04/13
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more reports from boston later on today, and you can get instant updates from her around the clock on deficit are by following her on twitter. if you would hike to show your support you can by sharing a get well soon badge on your facebook page. >> developing news, an east bay woman is in surgery right now after being shot while sleeping in her living room this morning. someone shot into her hayward home at 12:30 saying neighborhoods her the shots being fired and saw a car driving appear but police are not sure if the car is connected to the shooting. the woman is in her mid 20 and is expected to survive. >> happening now, san francisco authorities are looking out for two escapeees from a juvenile facility near twin peaks. there was a break out around 10:00 last night at youth guidance center. officers searched through the night but have not released information. >> all lanes are clear on highway 101 through marin county after a man was struck by two cars if san rafael at 8:30 last night. c.h.p. says he was walking along the freeway and stepped out in front of a car. a second car also hit the
more reports from boston later on today, and you can get instant updates from her around the clock on deficit are by following her on twitter. if you would hike to show your support you can by sharing a get well soon badge on your facebook page. >> developing news, an east bay woman is in surgery right now after being shot while sleeping in her living room this morning. someone shot into her hayward home at 12:30 saying neighborhoods her the shots being fired and saw a car driving appear...
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deficit's we have every financial issue they have for we what we do have and we have high unemployment in california what we do have is a pretty sound high tech economy and and lots of good functional agriculture it so now we have to figure out how to pay for the promises we made as . it's a deal or boats of being bought over the many years with with these promises and so now it's time to pay them and in our most recent bankruptcy case here in the city of stopping we discovered that in fact the courts are now allowing. pensions to be thrown into bankruptcy proceedings for the first time and which means that when there are bankruptcies and municipalities in california pensions may have to get a haircut and that may happen and one in the number of ways and one of which is to to raise contributions it would be to do no of the benefits and this hasn't played out yet but it contravenes a california state law so we'll have to see how that that washes out all right so it's not quantitative easing in countries where it's a forced transfer of wealth from savers to speculators using artificially
deficit's we have every financial issue they have for we what we do have and we have high unemployment in california what we do have is a pretty sound high tech economy and and lots of good functional agriculture it so now we have to figure out how to pay for the promises we made as . it's a deal or boats of being bought over the many years with with these promises and so now it's time to pay them and in our most recent bankruptcy case here in the city of stopping we discovered that in fact the...
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Apr 17, 2013
04/13
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what is a deficit? no. budget def--
what is a deficit? no. budget def--
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Apr 17, 2013
04/13
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-- rein in our deficit. our secretary seems to have taken this message to heart. identifying some $1.3 billion in cost savings this year and more than $4 billion since 2009 and continues to move to a risk-based approach, an effort to save more money. but to do so in a smart way. i'm happy to see in this budget proposes a much-needed increase for cybersecurity which will help the department fulfill its significant cyberresponsibilities. passing legislation to compliment the president's executive order and address the cyberthreat is one of our highest priorities. i also welcome the administration's continued commitment to securing our nation's borders by maintaining staffing for the border patrol its ath its current historic levels and adding more than 3,400 protection officers to staff our ports of entry. these critical resources are paid for in part with modest fee increases. during my recent trips to our borders in arizona, where secretary napolitano, senator mccaul nd congresswoman joined me, i've been and
-- rein in our deficit. our secretary seems to have taken this message to heart. identifying some $1.3 billion in cost savings this year and more than $4 billion since 2009 and continues to move to a risk-based approach, an effort to save more money. but to do so in a smart way. i'm happy to see in this budget proposes a much-needed increase for cybersecurity which will help the department fulfill its significant cyberresponsibilities. passing legislation to compliment the president's executive...
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Apr 20, 2013
04/13
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the people who are demanding we reduce the deficit are demanding more money. i guess we must take money away from someone else to pay for law enforcement. no, i don't want to reduce environmental cleanup and housing for the elderly or cut increases in social security. this is a time we should be providing more money. i guess i'm very grateful that we vote, or at least i did, to increase taxes on people making more than $400,000. >> former massachusetts congressman barney frank. thank you so much for taking the time to speak with us today. we appreciate it. >> you're welcome. >>> also joining us, nbc news terrorism andist roger cressey. bare with me while i read this note that i was just handed. the islamic society of boston, cambridge, has leased starjts delivered it on camera md a heres some of the important importants. the suspects were occasional visitors there. they were shocked to hear of the crimes of these two. they never exhibited violence or this behavior. many in the community who knew the tsarnaev brothers have been urged to contact law enforcement.
the people who are demanding we reduce the deficit are demanding more money. i guess we must take money away from someone else to pay for law enforcement. no, i don't want to reduce environmental cleanup and housing for the elderly or cut increases in social security. this is a time we should be providing more money. i guess i'm very grateful that we vote, or at least i did, to increase taxes on people making more than $400,000. >> former massachusetts congressman barney frank. thank you...
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Apr 18, 2013
04/13
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i have a record of wanting to do deficit reduction. we are grappling with these at the stateoo department. as part of the budget, we will help cut our deficit responsibly while investing in areas that attract economic growth and create jobs for americans and secure our national interest. budget request of represents a six percent reduction from 2012 fudnding levels. we have examined our request with a clear determination to improve efficiency. given limited reforms and reduce costs -- we have implemented reforms and reduce cost. we deliver the maximum bang for the minimal manager of our citizens dollars. about one penny for our national security and global interests out of every dollar. you may give you examples of the kind of work you're doing to make the world safer. with just over $3.5 million, the bureau conflict and stabilization operations made investments leading up to the recent elections in kenya. i know that helped to prevent a repeat of the violence we saw five years ago it also provided accountability to concededodingd odin
i have a record of wanting to do deficit reduction. we are grappling with these at the stateoo department. as part of the budget, we will help cut our deficit responsibly while investing in areas that attract economic growth and create jobs for americans and secure our national interest. budget request of represents a six percent reduction from 2012 fudnding levels. we have examined our request with a clear determination to improve efficiency. given limited reforms and reduce costs -- we have...
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Apr 24, 2013
04/13
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this bill doesn't solve our debt or deficit problems. i'm the first to admit that, but what this family does, it eases some of the hardships on our moms and dads in the work force and i'm really thrilled to be the current author of this bill. it has a long history. i'm excited about taking it to the floor in two weeks. again, mr. speaker, for those who want to know more in night's discussion it is #makinglifework and want to hear from americans who are affected and look forward to addressing those throughout the hour this evening. joining me tonight, i have the ntlelady from washington and the gentleman from ohio. and i would like to open this open. you know currently serve on the energy and commerce committee and you have a couple of topics, but let's talk about making life work for american families when t comes to energy. >> i thank you for appealing to the american people so we can hear from them and have conversations with people who are struggling to make ends meet and make our economy work and define those things that are going to
this bill doesn't solve our debt or deficit problems. i'm the first to admit that, but what this family does, it eases some of the hardships on our moms and dads in the work force and i'm really thrilled to be the current author of this bill. it has a long history. i'm excited about taking it to the floor in two weeks. again, mr. speaker, for those who want to know more in night's discussion it is #makinglifework and want to hear from americans who are affected and look forward to addressing...
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Apr 23, 2013
04/13
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the president's forward a balanced plan that would replace sequester and reduce our deficit while making the investments that are necessary to have our economy grow and create jobs, protect the middle class and protect seniors and the president is engaged in a process with lawmakers where he is trying to find common ground to see if common ground exists with republicans around the basic principal -- principle we need to reduce the deficit in a balanced way. he has put forward a plan that would to that and eliminate the sequester in the process. when it comes to these delays, congress has to act in order to avert delays. >> senator moran says the fact that you're not asking for the ability to prioritize spending under the f.a.a. suggests you want -- you want the sequester to inflict -- >> that's -- since we did everything we could to avert the sequester and unfortunately republicans decided as a political matter that it was a home run for them to inflict this upon the american people, i think that suggestion just doesn't hold water. secondly, the f.a.a. did take action, all the act it cou
the president's forward a balanced plan that would replace sequester and reduce our deficit while making the investments that are necessary to have our economy grow and create jobs, protect the middle class and protect seniors and the president is engaged in a process with lawmakers where he is trying to find common ground to see if common ground exists with republicans around the basic principal -- principle we need to reduce the deficit in a balanced way. he has put forward a plan that would...
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Apr 24, 2013
04/13
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care to the sick and reduce the deficit at the same time. in the end, it's not about the money. it's about america's patients. the president should be embarrassed. his political bait and switch is not working. instead of putting the care of the sick first, you tell them, sorry, sister, we're closed. come back in 10 months. 10 months. a week, a day, maybe the amount of time some of these patients have to get treatment or else face the consequences of the progression of their illness. american doctors and hospitals will be there. they'll always be there. but why deny them the means to get their services paid for with insurance coverage? mr. president, your health bill fails this country and most importantly you have failed the thousands of sick americans who can't get health coverage because you think implementing the health care law is more important than taking care of the people that you promised, you promised to take care of. so today we can end the use of the slush fund, use it to actually help people. a vote for this bill is a vote to he
care to the sick and reduce the deficit at the same time. in the end, it's not about the money. it's about america's patients. the president should be embarrassed. his political bait and switch is not working. instead of putting the care of the sick first, you tell them, sorry, sister, we're closed. come back in 10 months. 10 months. a week, a day, maybe the amount of time some of these patients have to get treatment or else face the consequences of the progression of their illness. american...
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Apr 24, 2013
04/13
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500,000 jobs to be created in the next two years, and we're talking about a state that running annual deficits of $20 billion. imagine what they can do with all this money. they won't have to go back on the welfare state or have the cuts they are having. >> interesting. joining us is jeff, the harvard professor who says fracking is good for the environment. welcome to the program. good to see you back again. >> thank you, good to be with you. >> 30 seconds on why fracking are good for the environment? >> there's qualifications, of course, but u.s. emissions of co2, carbon dioxide, are down 12% relative to the pam in 2007. this is unanticipated. we department sign the protocol. europe did. what's the reason for that? well, the fall from 2007 to 2009, you could say that's because of the recession, but it's still declining, and recession ended in june 2009. we've been growing since then, much more rapidly than europe, and yet, grown house gases fall, and europe's turned around after 2009. the reason is because of shale gas, which has been a natural gas recovered via what's called fracking, use of
500,000 jobs to be created in the next two years, and we're talking about a state that running annual deficits of $20 billion. imagine what they can do with all this money. they won't have to go back on the welfare state or have the cuts they are having. >> interesting. joining us is jeff, the harvard professor who says fracking is good for the environment. welcome to the program. good to see you back again. >> thank you, good to be with you. >> 30 seconds on why fracking are...
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Apr 18, 2013
04/13
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i rerecently introduced the disabled veterans red tape deficit reduction act. this is a simple idea that would allow veterans to go to doctors outside the v.a. system to get their claims processed. it would speed it up. but this program is at risk right now. a program that 20% of all veterans use, because the last congress failed to re-authorize it. i urge my colleagues to support this measure for another five years. i yield back. the speaker pro tempore: the gentleman yields back. man eorgiae?pose does t >> to revis my e d remarks. the speaker pro tempore: without objection. mr. johnson: mr. speaker, today i have introduced two bills to help small businesses. we all like to talk about how small business are the engine of our economy, small businesses, and that's because that is true. that's why i will -- i have introduced the help entrepreneurs create american jobs act, which is a bipartisan bill to double the deduction for start-up expenses to encourage entrepreneurs to start a business and create jobs. i'll also introduce the fairness this transparency and c
i rerecently introduced the disabled veterans red tape deficit reduction act. this is a simple idea that would allow veterans to go to doctors outside the v.a. system to get their claims processed. it would speed it up. but this program is at risk right now. a program that 20% of all veterans use, because the last congress failed to re-authorize it. i urge my colleagues to support this measure for another five years. i yield back. the speaker pro tempore: the gentleman yields back. man...
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Apr 17, 2013
04/13
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raisingle sort of taxes, revenues, don't worry about deficits. she was the housewife adding up the public book in her handbook -- and her handbags. she was much more cautious than reagan and economic policies. host: republican caller. caller: i'm from manchester, england. i grew up in los angeles. but i frequently visit my relatives in england during -- in englad. -- in england. in the early 1980's him i was talking to my cousins, and they really hated margaret thatcher because they thought she was a direct threat to their own livelihood. they were prounion, labour party, and they believed thatcher was going to take away their jobs, their home, their education. , and there two years ago the same cousins still hate thatcher. they blame her for all of england's economic woes, the breakup of the uk. that if it feel wasn't for the government, for socialism, they would have nothing. these people are physicians and actuaries, they are well educated. came from working classes in manchester. they cannot seem to pull away from the belief that if it wasn't
raisingle sort of taxes, revenues, don't worry about deficits. she was the housewife adding up the public book in her handbook -- and her handbags. she was much more cautious than reagan and economic policies. host: republican caller. caller: i'm from manchester, england. i grew up in los angeles. but i frequently visit my relatives in england during -- in englad. -- in england. in the early 1980's him i was talking to my cousins, and they really hated margaret thatcher because they thought she...
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Apr 18, 2013
04/13
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including republican representative bill cassidy propose the ego act to cut the deficit. the act prevents taxpayer funds spent on portraits of members of congress and heads of federal agencies. cassidy says spending money on portraits when the national debt is $17 trillion is far from appropriate. meanwhile, mortgage rates down for a third straight week at the housing market continues to recover. according to freddy mack, the average right on a 30-year fixed mortgage is 3.14%. move over, hybrids, gm's 2015 turbo diesel gets 46 miles a gallon making it more efficient than the gasoline electric combined vehicles. it's rolling out in markets like baltimore and milwaukee next month. that's the latest from the fox business network giving you the power to prosper. ♪ we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the offi
including republican representative bill cassidy propose the ego act to cut the deficit. the act prevents taxpayer funds spent on portraits of members of congress and heads of federal agencies. cassidy says spending money on portraits when the national debt is $17 trillion is far from appropriate. meanwhile, mortgage rates down for a third straight week at the housing market continues to recover. according to freddy mack, the average right on a 30-year fixed mortgage is 3.14%. move over,...
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Apr 22, 2013
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guest: number one is we are racking up near a trillion- dollar deficit every year. the company's debt to gdp ratio is a 73% and expected to get worse. one thing is to use this money to improve the country's financial position. interestingly, in his budget, and in discussions and rhetoric, there are also tax breaks for multiple other industries include the alternative energy industry which he included in his 2013 budget to continue to provide support for that industry. a portion could be used to subsidize or provide tax expenditures for that. host: are taking your calls as we discussed oil and tax breaks. the fault numbers are on your screen -- -- the phone numbers are on your screen -- we will go to st. louis, missouri. caller: hello? we have seen time and time again that when we raise taxes on corporations, it is not just raising taxes on the corporations because it is often passed on to the american people with an increase of the price of the commodity. what are your thoughts that if we go aohis, we see the price of gasoline go even higher? guest: i have done some
guest: number one is we are racking up near a trillion- dollar deficit every year. the company's debt to gdp ratio is a 73% and expected to get worse. one thing is to use this money to improve the country's financial position. interestingly, in his budget, and in discussions and rhetoric, there are also tax breaks for multiple other industries include the alternative energy industry which he included in his 2013 budget to continue to provide support for that industry. a portion could be used to...
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Apr 22, 2013
04/13
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called on congress to replace the dumb sequester cuts and put instead in place a smarter approach to deficit reduction. >> republicans are charging politics. this is from bill shuster, the chairman of the transportation and infrastructure committee a republican. this disregard for the american public is indicative that the administration views as the sequester to attempt to score political points rather than address real issues and find real savings in a bloated federal bureaucracy. the airline industry says that these cuts could be designed much better. they say they have been designed for what appears to be maximum impact. they are suing the faa to try to overturn the way these cuts have been structured. back to you. melissa: we are up-to-date. thanks to you, rich edson. melissa: despite the faa's dire warnings so far flight delays seem to be anything but sequester-related as you just heard. is this another example of the faa crying wolf? let's ask mary schiavo. former secretary with the transportation. faa playing politics. >> they can rely on constituent group, airline and air port opera
called on congress to replace the dumb sequester cuts and put instead in place a smarter approach to deficit reduction. >> republicans are charging politics. this is from bill shuster, the chairman of the transportation and infrastructure committee a republican. this disregard for the american public is indicative that the administration views as the sequester to attempt to score political points rather than address real issues and find real savings in a bloated federal bureaucracy. the...
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Apr 16, 2013
04/13
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our deficit is going down. we need to determine what revenue that we can increase in order to pay our bills, provide for the basic necessities of this nation. not only is the tragedy in boston one of human life, but it is a disaster that will require federal emergency management aid just as our continued friends in the southeast and northeast are still suffering from hurricane sandy and the atrocity of this house cannot provide them with resources for 65 days. i believe that it is time for the american people to know that we do care. in order to care you need to have. budget conferees to go through the budget process and begin to pass elements of the president's budget that speaks to the heart and mind, mr. speaker, of the needs of the american people. i conclude by offering, again, my deepest sympathy and promise to those who suffer that america and its congress must stand up and respond to your needs. i am ready to do so as my colleagues are. we should do it now. i yield back. the speaker pro tempore: the cha
our deficit is going down. we need to determine what revenue that we can increase in order to pay our bills, provide for the basic necessities of this nation. not only is the tragedy in boston one of human life, but it is a disaster that will require federal emergency management aid just as our continued friends in the southeast and northeast are still suffering from hurricane sandy and the atrocity of this house cannot provide them with resources for 65 days. i believe that it is time for the...
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Apr 17, 2013
04/13
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>> the budget deficit situations, the debt situations in germany and france are certainly so much better than the rest of the periphery. why now? what has suddenly happened now? certainly growth there's very vulnerable. unemployment rate for all of europe, now 12%, a record high, the ecb's reluctant to ease because they don't think it'll actually help where it needs to help with lending small and medium-sized businesses. but those thing alone, to me, wouldn't justify a downgrade now. but it does to me, bigger picture, just remind us how nervous the markets are. i think that's the take away. >> you said going back to the things you said are somewhat positive. wealth effects, you've got home and equities. >> yep. >> although people think the consumer is not great and that it's still deleveraging. you've got politics, not as much of a head wind as it was. china slowing, but not a hard landing. >> right. heard that from the director. >> central banks are getting easier, maybe not here, talking tapering, the rest of the world getting easier. no reason to reduce risks in equities. that sum thi
>> the budget deficit situations, the debt situations in germany and france are certainly so much better than the rest of the periphery. why now? what has suddenly happened now? certainly growth there's very vulnerable. unemployment rate for all of europe, now 12%, a record high, the ecb's reluctant to ease because they don't think it'll actually help where it needs to help with lending small and medium-sized businesses. but those thing alone, to me, wouldn't justify a downgrade now. but...